I'm gonna offer a slightly different perspective: SV isn't that nice, and it's not worth the price premium. There is a distinct lack of culture, of nightlife, of arts and humanities - even in San Francisco. We're a mediocre land of strip malls and suburbs masquerading as an international destination. Go to any other city and tell me that it's not MORE vibrant (Chicago, LA, NYC, Miami, Austin, Portland, Seattle, Houst…
The price premium you are paying, especially for housing, is really all about raising kids e.g. sending them to some of the best (albeit pressure-filled) public schools in the country all while keeping your high paying SV jobs. Basically assume that the quality of public SV schools are high enough that high earning parents are "OK" sending their kids to those schools rather than paying for private school. If you have…
SV is not expensive because "public schools are good". Its expensive because both the government and the landlords, that have a huge intersectino of people, capture the largest chunk of the surplus tech workers get.